Word: sectoral
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Dates: during 1970-1979
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Recently Harvard's biggest gains have come in the federal sector--a welcome, if uncertain, windfall. A Congress intent on budget-cutting could slash aid to education any time and administrators remain wary of relying heavily on the federal funds. But for this year, the Middle Income Student Assistance Act that Congress passed in October 1978 should double both grants to students and federal work-study projects at Harvard. As R. Jerrold Gibson '51, director of the office of fiscal services, says, "it's the biggest increase for federal aid to education ever--you can't knock that...
...proposed criminal justice center will cooperate with the Law School on many issues as "the hub of a University-wide program in public policy management," Jackson said, adding that the K-School will provide links to the public sector...
Meantime, the public sector in the past three decades has consumed more and more of the nation's gross national product (32.5% in 1978). An exorbitantly overgrown system of regulation has turned prudent Government watchfulness over private industry into virtually perpetual interference, and thereby chilled enthusiasm for investment. Moreover, the business of business, unglamorous and vaguely unpopular in the U.S. for at least several generations, is portrayed as all-purpose villain at the very moment when it should be stimulated to its greatest exertions. Communications across the barriers of attitude become difficult. Too many Americans cherish a doctrinaire repugnance...
...important means by which corporate America has an impact on our political system. Literally billions of dollars are spent each year to "lobby" legislators in Washington and to influence public opinion across the nation. The political activities of this wealthy sector of the American community--big business--cannot help but have a distorting effect on our democratic process. As Senator Kennedy has explained...
...full liability is intended to create. The prospect of liability builds into our conduct a salutary vigilance and solicitousness roughly commensurate to the perceived costs of a lack of vigilance. Under the influence of exaggerated claims of nuclear safety we dismantled the system of liability in precisely that technological sector where the utmost vigilance is needed...